BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Sees Significant Decrease in Short Interest

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 179,582 shares, a drop of 27.5% from the December 15th total of 247,641 shares. Based on an average daily volume of 138,735 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 138,735 shares, the short-interest ratio is presently 1.3 days.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

MUJ stock traded up $0.04 during trading on Monday, reaching $12.17. 68,597 shares of the company were exchanged, compared to its average volume of 88,799. The company has a 50-day moving average of $11.97 and a two-hundred day moving average of $11.50. BlackRock MuniHoldings New Jersey Quality Fund has a twelve month low of $10.50 and a twelve month high of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.054 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several large investors have recently modified their holdings of MUJ. Royal Bank of Canada grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 2.8% in the first quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 1,400 shares during the last quarter. Wealth Effects LLC lifted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 47.0% during the 2nd quarter. Wealth Effects LLC now owns 31,294 shares of the financial services provider’s stock worth $343,000 after buying an additional 10,000 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at about $113,000. Melfa Wealth Management Inc. grew its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 22.6% in the 2nd quarter. Melfa Wealth Management Inc. now owns 53,477 shares of the financial services provider’s stock valued at $586,000 after buying an additional 9,858 shares during the last quarter. Finally, PFG Investments LLC increased its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 11.3% in the second quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock valued at $217,000 after buying an additional 2,000 shares during the period. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.